Stora Enso Oyj (OTCMKTS:SEOAY) Reaches New 1-Year High – Here’s What Happened

Stora Enso Oyj (OTCMKTS:SEOAY) shares hit a new 52-week high on Monday . The stock traded as high as $12.40 and last traded at $12.40, with a volume of 407 shares changing hands. The stock had previously closed at $12.24.

Analysts Set New Price Targets

Separately, BNP Paribas raised Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price objective on the stock in a research report on Monday, September 29th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Stora Enso Oyj has an average rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

The business has a 50-day moving average of $11.67 and a 200 day moving average of $11.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.80. The company has a market cap of $9.85 billion, a PE ratio of 1,249.75 and a beta of 0.74.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.22. Stora Enso Oyj had a negative return on equity of 2.55% and a net margin of 0.14%.The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Equities research analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.